Question $20$

You bought $1000$ shares of $xYZ$ common stock on margin at the price of $$70$ per share. The initial margin is $50\%$ and the maintenance margin is $40\%.$ Now if the stock price falls to $$60$ per share, a margin call will be given at the price of $

$59\mathrm{.}98$

$60\mathrm{.}32$

$58\mathrm{.}33$

$56\mathrm{.}33$